MAYFIELD VILLAGE, Ohio, May 14, 2018 /PRNewswire/ -- The
Progressive Corporation (NYSE: PGR) today reported that the company's Board of Directors elected Lawton
W. Fitt as Chairperson. She joined Progressive's Board in 2009, and has served as Lead Independent Director for the past
two years. Fitt is a Retired Partner and Managing Director with Goldman Sachs. Progressive is currently the only publicly-traded
Fortune 500 company with two women in its top leadership roles – CEO and Chairperson. As previously announced, Progressive
Chairman Glenn Renwick has retired from the Board.
"I want to thank Glenn for his service to Progressive, as well as his friendship and mentorship, and wish him well in
retirement," said CEO Tricia Griffith. "And I want to congratulate Lawton on being elected
Chairperson of the Board of Directors. She has been a powerful and thoughtful force on our Board, and I know she'll be a great
partner as we strive to make Progressive, consumer's number one choice and destination for auto and other insurance."
Also today, Progressive published a report outlining its diversity and inclusion efforts. This report highlights
Progressive's accomplishments, summarizes its opportunities and showcases its talent. In addition, the report includes the
results of a companywide pay equity analysis and states that for Progressive employees with similar performance, experience, and
job responsibilities, women earn at least $1 for every $1 earned by
men and people of color earn at least $1 for every $1 earned by their
white coworkers. The report is available at www.progressive.com/about/diversity-and-inclusion/
"Our focus on diversity and inclusion and pay equity aren't new at Progressive," said Chief Human Resource Officer,
Lori Niederst. "Our company culture and our reputation for treating our people fairly are big
drivers of our success. We recognize this and work very hard to maintain this competitive advantage. We published
this report to tell our story to our customers, shareholders and Progressive people."
In other board changes, Bradley T, Sheares, Ph.D. retired, and shareholders elected two new members of the board, Pamela J. Craig and Kahina Van Dyke. Craig is a former Chief Financial Officer
at Accenture, and she also comes with board experience at other large public companies. Van Dyke
is the Global Director of Financial Services & Payment Partnerships at Facebook and she has prior work experience at
Mastercard and Citigroup.
About Progressive
The Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so
consumers can reach us whenever, wherever and however it's most convenient - online at progressive.com, by phone
at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.
Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles,
and homes. Home insurance is underwritten by select carriers, including American Strategic Insurance Corp. and subsidiaries
(ASI), our majority owned subsidiaries.
Progressive is the fourth largest auto insurer in the country; a leading seller of motorcycle and commercial auto insurance; and through ASI, one of the top 20
homeowners insurance carriers.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and
money, like Name Your Price®, Snapshot® and HomeQuote Explorer®.
The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding
company, trade publicly at NYSE:PGR.
Investor Contact:
Julia Hornack
(440) 395-2164
http://www.progressive.com
Media Contact:
Jeff Sibel
(440) 395-0803
http://www.progressive.com
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SOURCE Progressive Insurance